Global markets overview : asset research team. February 2021

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<subTitle>: asset research team. February 2021</subTitle>
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<abstract displayLabel="Summary">Investors are focused on a post-vaccine US economy, where consumer spending rebounds and strong fiscal stimulus boosts the pace of recovery over 2021 and beyond. We believe that US inflation will rise in 2021 to moderately above Federal Reserve target levels but not to disruptive levels. Positive base effects which will drive rising headline inflation this year, e.g., higher energy prices, will be temporary and will fade. High levels of unemployment and spare capacity in many business sectors will keep wage growth and other aggregate inflationary pressures in check over the medium term in our view.</abstract>
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<topic>Mercados financieros</topic>
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